October 3, 2024
“Don’t Be Fooled By the Crash! What’s Coming Is ABSOLUTELY Bananas” – Raoul Pal & Larry Lepard
 #Finance

“Don’t Be Fooled By the Crash! What’s Coming Is ABSOLUTELY Bananas” – Raoul Pal & Larry Lepard #Finance


I think the last cycle was truncated by the Chinese Miners and some and the FTX some other issues FTX U so I think this cycle will go higher I think it’ll be 200 easily I mean I I know Kaiser says you know 230 is in play that sounds about right to me um but it could be 4 or 500 I mean

I know a lot of smart people a lot of models show that could be could be a million I also think wherever it goes on this cycle I don’t think that I think we’re done with 90% down 80% down 70% down probably 60% down I could maybe see a 50% or 40% down the

href="https://cashnews.co/crypto" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Cryptocurrency market has experienced quite a bit of turbulence over the past week and most none;">Crypto Assets are now down to multi-week lows yet prominent Personalities in the space are highly optimistic about higher price gains as we get deeper into the bull market according to experts like real Vision CEO Raul pal and renowned investment manager and sound money

Advocate Lawrence leopard the market is just taking a brief breather a typical bull market consult idation before prices take off sharply again while Raul and Larry are not certain about the timing of these impending price increases they are certain that the moment is nearly Upon Us in a recent

thread shared on social media platform X real Vision CEO Raul pal writes about what he describes as the banana Zone a bull market phase characterized by heightened Market activity and potential for exponential price increases pal predicts this much awaited phase will begin shortly and continue well

into 2025 in a recent interview with blockware leopard also shared his expectations for Bitcoin before the bull market ends in 2025 his prediction is that Bitcoin will hit at least $200,000 at the top of the cycle leopard however believes Bitcoin prices could go much higher and might even hit a

million dollars before the cycle ends as we bring you clips from leopard’s interview and Pal’s highly insightful tweets please take a little time to like this CashNews.co subscribe to the channel and turn on post notifications for more CashNews.cos like this you can join the

conversation by leaving comments and price predictions for Bitcoin and other Crypto currencies in the comments section below everything you do helps with the YouTube algorithm and immensely

contributes to the Channel’s growth thanks and enjoy the CashNews.co I’m a sailor it’s going up forever Luke you know on what time schedule and what you know model who knows as you know it’s an unpredictable Beast um I I do believe we are going to have hyper Bitcoin ation um

I I strongly believe that um I don’t know the time frame nobody does um you know I I think it’s at least seven or eight years out um but I could be wrong I mean MH things that have altered my view a little bit I’ll take I’ll give you one was um the failure of Silicon Valley

Bank um what I call an electrical or digital Bank Run uh in one day silicon Belly Bank had roughly hundred billion dollars of deposits and as we all know they sold some Bonds the Bonds were you know way below the value they had carried them at some smart people did

the math and said oh wow you know there’s a$2 billion hole in this Balance Sheet this bank is bankrupt that word or that knowledge spread like wildfire through the Venture Capital Community in California and within 2 days they were they were gone but somebody

withdrew $45 billion worth of their deposits in one day so um this is you know this is new this is a digital Bank Run This did not exist before this is not George Bailey you know um you know standing in the in the in the teller’s window giving out a couple of dollars to people who are doing a

bank run this is the real deal and so the point I’m making is that you know social contagion and the way you know the internet works the way all the social media works the way word spreads things can happen really quickly um when something becomes obvious to a large mass of people people so

in that case what became obvious to a large mass of people was that this bank was clearly bankrupt and that you had to protect yourself and get your money out of it so the the The Logical followon question is when does it become obvious to a large mass of people if not everyone close to everyone

that the US dollar has no value that that the the government which operates it and controls it runs it uh is so criminally you know misguided and out of control that there’s no way back and once that happens it’s all over you know it’s it’s I mean that’s that’s

Yar 23 um we’re not there yet um I don’t think we could be there anytime soon as measured in a couple of years 5 to 10 years I don’t know you know it’ll depend upon how they play it right I mean it’ll depend a lot upon how irresponsible they are um because the number

of people I mean think about in the Silicon Valley instance a certain number a Tipping Point in terms of number of people had to become aware of what the problem was and that’s exactly what we’re looking at here a Tipping Point in terms of the number of people in the world need to

become aware that Fiat is truly Fiat and that it will be abused Forever on an increasing scale you know and you know I would say geometrically right um and so as that happens you know what’s the price of Bitcoin is a replacement for Fiat it’s it’s infinite in Fiat terms so

we’ll be you know we’ll be measuring things in Bitcoin terms you know that car cost a tenth of a Bitcoin you know that house cost half a Bitcoin whatever it might be so uh it’ll be a different world that’s for sure full confession right I’ve been thinking this was

imminent I mean I was telling my friends this was imminent 20 years ago right so you know take everything I say with a grain of salt um however you know I like Preston’s analogy where he says it’s you know okay so a woman is pregnant she starts to feel some some contractions you know

all right well whatever you know maybe the baby’s coming well they get more common they get more intense they get quicker and I think there’s a pattern here that we can see of that leopard is a sound money Advocate and a Gold stock fund manager for decades well before the creation of

Bitcoin he has been following the gradual then over the past few years The Not So gradual decline of Fiat currencies and the global monetary system his Twitter account features several tweets and retweets that show just how far gone the system is especially in the United States the purported global

superpower and issuer of the world’s Reserve currency one of his latest retweets is a post from a widely followed Twitter account with the handle game of Trades the Tweet reads this is shocking Treasury bond issuance in 2024 is expected to hit $1.9 trillion surpassing level

seen even during the 2008 financial crisis according to a wsj piece from last month the situation in the US Treasury Market is beginning to make Wall Street very nervous the national Debt has grown so massive that the Treasury has to be on a

constant borrowing spre to meet up with the Debt expenses and deficit yet experts believe the situation can only worsen from here regardless of the outcome of the November elections a section of the wsj article reads the world’s largest most important Financial Market is

growing by Leaps and Bounds on Wall Street that is making people nervous annual issuance of us treasuries has exploded nearly doubling since the pandemic began the government sold a record $23 trillion worth in 2023 and few think the Spree is going to slow soon the Treasury market

has grown more than 60% to $27 trillion since the end of 2019 it is roughly sixfold larger than before the the great financial crisis as leopard stated in his interview the pattern is stronger than ever and we are drawing precariously close to the brink of disaster let’s get back to the

interview from back to your timing issue you know we’re going to have some more contractions um but with each one will become more um you know more monetary accommodation more people aware of the Inflation problem more people aware of the fact that you solve the

Inflation Problem by buying something the government can’t print um and once people start to see that everyone who’s doing that is doing very well and everyone who’s not doing that isn’t doing well at all um you know they’re going to you know I think

shove the dollar into the waste Canan it’ll be gone you know and we’ll be we’ll be transacting in Satoshi is is what I Envision and it could be over by 2028 or 2029 or 2030 I mean it we just don’t know I mean it it’s um you know there’s a great Dan Oliver has a

great chart the merma K chart Luke has reposted actually posted it yesterday so you can go see the the swings of the Deutsch Mark against gold and the 23 hyperInflation that thing the that Mark was worthless in 1923 and but the big swing started in kind of 1919 or 1920 yeah it was

only like four or five years once it really got exactly that’s my point now now they tried really hard I mean they had you know War Debt to repay and they you know they didn’t have any sound you know anything sound to pay it with and so on and so forth and they really

tried hard they ran the printing presses 100% so I don’t think this is a perfect analog to that but I do think it it’ll rhyme yeah and uh you know so yeah it feels to me like the end of this decade it might be the time when it’s it’s all done and you know between here and

there I mean what do we got we’ve got probably Bitcoin 100,000 hell that could be next month you know we’ve got Bitcoin a million I mean if you believe Samson that could be you know in a year or two or less I mean I I don’t know that’s that’s the tough one for me I

don’t know what this Bitcoin slope is going to look like I don’t know how far this ramp is going to go you know we were talking about at dinner last night with uh Preston and and Jeff Booth last night we were all trying to kind of guess what was going to happen at this thing it’s

very hard to know I mean I I I think the last cycle was truncated by the Chinese Miners and some and the FTX some other issues FTX U so I think this cycle will go higher I think it’ll be 200 easily I mean I I know Kaiser says you know 230 is in play that sounds about right to me um but it

could be 4 or 500 I mean I know a lot of smart people a lot of models show that could be could be a million on this cycle I just don’t know I I also think wherever it goes on this cycle I don’t think that I think we’re done with 90% down 80% down 70% down probably 60% down I could

maybe see a 50% or 40% down I maybe not I don’t know it’s hard to say I mean the difficulty is that we’re getting onto the Steep part of the curve and so the corrections are going to be a lot shallower if we very R if we had a god candle that took us to half a million like like

let’s say I mean you know we can’t even imagine this but like like let’s say we had a got you know let’s say we ramped to half a million sometime within the next 3 months okay I mean way above the base could you have a 60% draw down off of that Absol fraking lutely I mean

there’s just no doubt I mean and but you know absent that you know it’s I think that you know you can I mean the 200 day moving average will be a meaningful data point and it will you know the having that deep having that big a draw down is going to require having a ramp that gets you

know way way way above you know the the 200 day moving average so you know so so to that point you’re getting you’re getting more and more Supply or more and more demand coming from more and more bigger buckets and you know you’ve got Sovereign wealth funds you’ve got I was

at Dubai at the conference there and you know there were a lot of you know Arab wealth managers sitting there quietly listening very intently about Bitcoin and you know those guys don’t buy a million dollars you know they buy tens and hundreds and arguably billions of dollars of something and

there’s not there’s just not enough of it to go around as stated earlier in the CashNews.co real Vision founder and CEO Raul pal recently posted a thread on Twitter about the current situation in the text-decoration: none;">Cryptocurrency market and what to expect going forward according to Pal this is the pause that refreshes the brief consolidation that comes just before everything goes absolutely bananas he notes that once the bold; color: #1a73e8; text-decoration: none;">Markets are fully refreshed we go straight into the banana Zone picking up to full Mania towards the latter part of the year and well into 2025 that is the trademark of text-decoration: none;">Crypto summer and fall pal writes think of this pause as the last days of spring Crypto summer is usually the start of alt season which goes full bubble static in

fall in another tweet pal notes that this banana zone is the period ethereum will outperform Bitcoin salana will accelerate its outperformance of both Bitcoin and ethereum and a new big L1 or L2 altcoin will explode versus Salon the rest of the posts read

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Crypto summer and fall will be confusing because everything will have a narrative and will get caught up in Euphoria this is when memes really get silly in price unproven narratives like Ai and rwa go to dumb

Valuations Etc we will also see another two or so nasty Corrections due to excess Leverage the banana Zone cometh be patient and please don’t this up do you think we are going into the banana Zone which if it happens at the same Pace as previous Cycles we’ll see Bitcoin

hit at least $200,000 per coin or do you think these predictions are a little too optimistic please share your comments and observations in the comment section below also Ure you like this CashNews.co subscribe to the channel and turn on post notifications for more CashNews.cos like this thanks for

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